Oil India has filed draft red herring prospectus (DRHP) with Securities and Exchange Board of India (Sebi) to tap capital market with public issue of up to 26,449,982 equity shares of Rs 10 each.
The issue comprises a net issue to the public of up to 24,045,438 equity shares and a reservation of up to 2,404,544 equity shares for subscription by eligible employees, at an issue price.
The issue shall constitute 11% of the fully diluted post-issue capital of the company.
JM Financial Consultants, Morgan Stanley India, Citigroup Global Markets India are helping the company to manage this issue.
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